KUALA LUMPUR: Bursa Malaysia Securities Bhd has placed trading curbs on the securities of Icon Offshore Bhd
and the Icon ordinary rights with warrants (Icon-OR) due to excessive speculation.
The regulator issued the order yesterday that the securities were deemed as designated securities and this would take effect from 9am on Jan 28, until further notice.
“The decision to designate the securities of Icon and Icon-OR is due to excessive speculation observed in the trading of the securities and has been taken in the interest of ensuring a fair and orderly market, ”it said.
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